The Moscow Stock Exchange began to calculate and publish a new indicator – the IPO index of the Moscow Stock Exchange. This is indicated in the message on the trading platform.
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The tool was created for Russian private and institutional investors and will act as an indicator of stock prices of companies that recently completed an initial public offering.
The index can also be a benchmark for the creation of exchange-traded mutual funds, the platform notes. The index code is MIPO.
The calculation basis of the IPO index will include shares of 15 companies: Whoosh (WUSH), Genetico (GECO), CarMoney (CARM), Softline (SOFL), Astra Group (ASTR), Henderson (HNFG), EuroTrans (EUTR), UGK ( UGLD), Sovcombank (SVCB), Mosgorlombard (MGKL), Delimobil (DELI), Diasoft (DIAS), Kristall (KLVZ), Europlan (LEAS) and MFC “Zaymer” (ZAYM).
The initial value of the index is set to 1000 points, the calculation frequency is once a day, and the currency is the Russian ruble. The retrospective calculation of the indicator will be available from November 2021.
The minimum number of shares in the index calculation base is 12, the number of securities in the index is floating.
To be included in the calculation basis of the IPO index, the share of the company’s shares in free-float must be at least 5% with a capitalization of at least 10 billion rubles. The index calculation basis will be reviewed once a quarter.
The methodology for calculating the IPO index begins to operate on April 19, 2024.
Author:
Anastasia Marina
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
